Tag Archives: Lagarde

The International Monetary Fund participate in the Greek program only if the country’s debt is judged as sustainable, the Fund’s managing director Christine Lagarde said in an interview to representatives of leading European newspapers. Additionally, she said talks over the Greek debt must first be completed before the IMF decides …

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The International Monetary Fund fully adopted the line of German Finance Minister Wolfgang Schaeuble. Managing Director Christine Lagarde said that debt restructuring for Greece was needed but the IMF will not insist on upfront debt relief measures. Modalities must be decided upfront, Lagarde said adding that the IMF is  still …

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Managing director of the International Monetary Fund, Christine Lagarde, said that she disagrees with German Finance Minister Wolfgang Schaeuble over Greece’s financial problems. “I am not aligning myself with Minister Schaeuble who says that Greece’s problem is not debt but productivity,” Lagarde said in an interview to conservative-leaning American Enterprise …

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Spokesman of the International Monetary Fund, Gerry Rice, dismissed media reports according to which the IMF will join the Greek program with a small loan somewhere between three and six billion dollars. Rice insisted that there has been no discussion at the IMF board about any amount. Gerry Rice‏ @IMFSpokesperson As …

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Prime Minister Alexis Tsipras confirmed on Friday that he had asked managing director Christine Lagarde for the participation of the International Monetary Fund in the Greek program. Greece’s request was reveled by Lagarde a day earlier. The previous approach of the Greek government “We can do also without the IMF” …

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Treasury Secretary Steven Mnuchin made it clear that the Trump administration does not think much neither of the European Union, nor the Eurozone nor Greece. In an interview to the Wall Street Journal, Mnuchin suggested that the US wants the International Monetary Fund to stick to its hard line on …

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Managing Director of International Monetary Fund, Christine Lagarde, said that “Greece doesn’t need debt haircut for the time being,” right after the meeting with German Chancellor Angela Merkel in Berlin on Wednesday. What needed is “debt restructuring and interest rate cuts on bailout loans.” Stressing the need of reforms, Lagarde …

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The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. It said European lenders were now expecting a sum of this size after originally having hoped for 16 …

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Greek Minister of Labour, Social Security and Social Solidarity, Effie Achtsioglou sent an open letter to Managing Director of the International Monetary Fund, Christine Lagarde, about the state of pensions in Greece. We do not accept further pension cuts was the message Greece sent to the IMF. In her letter …

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Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her post. Ms. Lagarde, who began her second five-year term …

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French President Francois Hollande revealed that Prime Minister Alexis Tsipras wanted to print Drachmas in Russia. In a book “Presidents should not talk about such things” Hollande speaks about a conservation he had with Russian President Vladimir Putin in summer of 2015, the peak of the Greek crisis before the …

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The International Monetary Fund is divided over the Greek Program. Poul Thomsen, the head of IMF’s European Department,  now openly supports that the IMF should overall exit the Greek Program. In his report, Thomsen contends that the problem is not only economical because Greece is considered as “non repairable” but …

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Managing Director of International Monetary Fund, Christine Lagarde, has suggested Greece to permanently host the Olympic Games arguing that this will boost the country’s economy. Standing Qestions & Answers during the Aspen Ideas Festival, Lagarde said that such a move would help boost the Greek economy by attracting international investments …

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Just a couple of days before another crucial Eurogroup meeting on Greece, the Managing Director of the International Monetary Fund, Christine Lagarde sent a letter to all 19 eurozone finance ministers asking them to begin talks on Greek Debt Relief “immediately, or risk losing IMF participation on the Greek program. …

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“In short term, the Primary Surplus 3,5% of GDP might be achievable with heroic efforts by the Greek people, but it is highly unrealistic that it can by maintained on long term,” Managing Director of International Monetary Fund, Christine Lagarde  said during her press conference in Washington at the Spring …

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For one more time, the International Monetary Fund admitted that it has made mistakes in its program for Greece. This time the mistakes admission came by the Managing Director of the Fund, Christine Lagarde. “We have acknowledged one mistake, which had to do with the fiscal multipliers,” Lagarde told Bloomberg …

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Talks between Chancellor Angela Merkel and International Monetary Fund (IMF) head Christiane Lagarde on Tuesday underscored the differences between Germany and the IMF on dealing with the threat of new financial crisis in Greece. Speaking at a joint press conference after the meeting, Merkel ruled out again debt relief for …

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Managing Director of International Monetary Fund, Christine Lagarde, replied to the letter sent on Saturday by Greek Prime Minister Alexis Tsipras not with a letter but with a Press Release posted on the IMF’s official website. In order to “enhance transparency of dialogue”, you know. Christine Lagarde defends the view …

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The International Monetary Fund did not dismiss the WikiLeaks transcript of a conversation between IMF Europe Desk, Poul Thomsen and IMF’s Greek program responsible Delia Velculescu. Speaking to Washington correspondent of Greek state broadcast Lena Argiri, an IMF source said: IMF:we do not comment on leaks or supposed reports of …

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The International Monetary Fund is apparently concerned about its image. “I really don’t like it when we’re portrayed as this draconian, rigorous, terrible IMF,” Managing Director Christine Lagarde said on Thursday in an online news conference. “We don’t want draconian measures to apply to Greece, which has already made a …

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